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Networking gear maker Sycamore Networks Inc. is looking to weather the economic telecom storm by cutting staff, consolidating facilities and dumping the development of its standalone transport systems. Sycamore expects to incur fourth-quarter charges of as much as $55 million for its restructuring efforts.

Beleaguered Adelphia Communications Corp. inched closer to a bankruptcy filing, after it failed to make roughly $30 million in interest and dividend payments due June 17. Adelphia said it missed an interest payment of more than $23.4 million on 9-3/8 percent senior notes due on Nov. 15, 2009. Earlier this week, the company said it missed a $52.

Copyright 2002 Bulletin Broadfaxing Network, Inc. The Bulletin's Frontrunner…06/20/2002 From LexisNexis The Washington Post reports, "More than 100 independent Internet service providers formed a new coalition earlier this week to fight what they say are unfair policies that favor the regional telephone giants and hurt the deployment of broadband.

Liberate Technologies and Samsung Electronics Co., Ltd. have joined forces to deliver interactive television programming over DSL networks via a new digital set-top box. The SMT-F240, which is based on Liberate's TV Navigator 4.0 software, supports MPEG over IP-based delivery of interactive video programs.

MSOs are always on the lookout for ways to make subscriber provisioning faster and easier. Comcast Cable Communications Inc. has teamed with Sigma Systems to do just that. The third-largest MSO in the United States is deploying various components of Sigma's Service Management Portfolio to deploy reliable, scalable and modular service management solutions, said Comcast's Senior Vice President Ra...

Ciena Corp.'s shareholders may have approved its merger with ONI Systems Corp., but the news that accompanied it didn't give the Street much to smile about. The fiber-optic manufacturer has warned that the combined company's third-quarter sales will fall below Ciena's second-quarter results. Ciena said third-quarter revenue could be "down meaningfully" from the $87.

Thirdspace Living Ltd. has signed a deal to integrate NDS Group plc's secure broadband architecture with its broadband TV applications, video server software and client technology. The agreement is designed to deliver a single system for a broadband IP network using Thirdspace's open video server software and set-top box client software.

Children and teens have been reported as the fastest growing group of Internet users, but there is plenty of stuff on the 'Net that is not meant for eyes of babes. BroadJump has partnered with FamilyCLICK to provide service providers using BroadJump software with an automated Internet filtering system service option.

Copyright 2002 VNU Network News…06/19/2002 From LexisNexis The European Commission (EC) has left the door ajar for operators to renegotiate their expensively-acquired 3G licenses, but doing it will be tolerated only in exceptional circumstances. With some $106 billion (GBP 71bn) spent on acquiring the licenses, operators have been looking for signs that the license could be renegotiated.

Copyright 2002 The Deal L.L.C. The Daily Deal…06/19/2002 From LexisNexis Bankrupt XO Communications Inc. got Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York to approve all its first-day motions Tuesday, June 18, in what was probably the broadband provider's quietest day in months.

Three chipmakers are pooling their brainpower to develop and market digital signal processor (DSP) technologies for consumer and communications products through a newly formed company, StarCore. The heavyweights behind the Texas-based company are Motorola Inc., Infineon Technologies Inc. and Agere Systems Inc.

In response to the FCC's call to grow the HDTV and digital television markets, Discovery Communications is stepping up to the plate with a new 24-hour, ad-supported HDTV channel. The channel, Discovery HD Theater, will feature programming categories that have been tied to the company's networks for years, including nature, history, world cultures, science, education and travel.

With Adelphia Communications Corp. missing a bond interest payment yesterday, the idea that the MSO will file for bankruptcy is gaining momentum. Yesterday, the company missed a $51.3 million interest payment on its 10-1/4 percent senior notes due Nov. 15, 2009. Earlier this month, Moody's Investors Service said Adelphia seeking protection from its creditors was "potentially imminent.

Less than a month after the music industry filed a lawsuit against a Napster-like clone, the case has been settled. Although specifics of the settlement remain confidential, peer-to-peer filing sharing service Audiogalaxy has agreed to pay the Recording Industry Association of America and the National Music Publishers Association a "substantial sum based on Audiogalaxy's assets.

Copyright 2002 The Deal L.L.C. The Daily Deal…06/18/2002 From LexisNexis Even without Joseph Nacchio as a lightning rod for allegations of misleading accounting and excessive capital spending, the many problems at Qwest Communications International Inc. make the company an unlikely takeover target, industry observers say.